From Reliance defence to L&T and Bharat Forge all the companies are giving exposure to the defence sector looking at the great potential in this sector.
With a new joint venture announced with French aerospace giant Dassault Aviation, Anil Ambani’s Reliance Group is set to get a big slice of the Rafale fighter jet deal and will target business worth Rs 20,000 crore as part of the offsets for the contract.
Pitching defence business as the main growth driver, industrialist Anil Ambani will brief the sectoral and market analysts in Mumbai on Monday about future plans of his Reliance Group in this segment.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of United Arab Emirates (UAE) and Ruler of Dubai met Anil Ambani, Chairman, Reliance Group in Abu Dhabi on February 21.
Reliance Group’s Anil Ambani is all set to take to the skies for a sortie in the French Rafale fighter jet aircraft at the Aero India 2017 at Yelahanka airbase at the ongoing Asia’s premier air show tomorrow.
In a landmark development for the Indian Private Defence sector, Reliance Group led by Anil D Ambani has entered into a Strategic Partnership with Dassault Aviation of France (Rafale) to execute the largest Defence Offset contract worth up to Rs. 30,000 Cr.
Anil Ambani promoted Reliance Defence and Engineering Limited (RDEL) has emerged a winner in a competitive bidding process to build 14 Fast Patrol Vessels( FPVs); contract value of Rs. 920 Crores.